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HSI Extends Losses to 220+ Pts in Early Session as BABA-W Cascades 3%
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The HSI opened 39 points lower before stumbling 268 points to a low of 25,026 during the intraday trading session. The index last slid 229 points or 0.9% to 25,064. The HSCEI lost 68 points or 0.81%. The HSTECH shed 86 points or 1.8% at 4,669. Market turnover amounted to over $70.4 billion.

BABA-W (09988.HK) cascaded 3% to $119, while TENCENT (00700.HK) faded 1.2%. HSBC HOLDINGS (00005.HK) waned 1.5% to $128.3, while CNOOC (00883.HK) ticked up 0.8%. PETROCHINA (00857.HK) gained 1.4%. Airlines weakened, with CHINA EAST AIR (00670.HK) eroding 4.6% and CHINA SOUTH AIR (01055.HK) slumping 4.3%.

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